In this article, we will share the different ways of how a burial or final expense insurance companies respond to COPD and how we can help you find the best possible insurance plan.
The Truth About Final Expense Insurance For People With COPD Emphysema
If you or a loved one have COPD, it would be best to call us to better help you.
COPD is on our qualified health impairment instant coverage list. This will make sure you receive the best burial insurance COPD coverage available.
Yes, it will be same day instant coverage, DAY 1!
Burial or final expense insurance companies are very well aware of how Chronic Obstructive Pulmonary Disease (COPD) Emphysema is a high-risk disease. COPD has been the 3rd leading disease that causes death in the United States of America.
Sadly, unlike asthma, and depending on how severe the COPD is, it can drastically reduce the expected lifespan of a person dealing with this chronic disease.
With COPD having no cure and being the 3rd leading cause of death, you can understand why searching for burial or final expense insurance for COPD can be like finding a needle in a haystack.
Our good news for you …
We here at InsuranceForBurial.com over decades have helped thousands of people secure the best insurance plans for any chronic disease and many of them were COPD.
We are a team of independent insurance specialists that has access to the top-rated A+ insurance companies in the country. We can get back to you with a list of insurance plans with the best quality at affordable rates.
Especially for Burial Insurance COPD!
No matter how severe your COPD is, we here at InsuranceForBurial.com can secure the best possible coverage plan at low costs.
Burial Or Final Expense Insurance Companies And COPD
The bad news
Almost all of
the final expense insurance companies out there are very rigorous with COPD.
There will be specific questions that will be asked and your answer to them
come into play to determine how more of a risk you are with COPD.
There are only a few burial or final insurance companies out there that can offer affordable insurance plans for COPD. The majority of the insurers will charge premiums up to 40% more to make up for the high risks of having COPD.
The rough reality of COPD is that it really shortens the life of the patient who has it. And with the recent statistics of people dying from COPD making it 3rd of the leading disease-causing death.
For these reasons, almost all of the insurance companies will require you to pay more to compensate for the high risk of COPD.
Sure it’s very difficult to get affordable insurance coverage with COPD but it’s not impossible.
The good news
Hold onto your hats folks!
In the 26 years of our experience, there is actually 1 top-rated A+ insurance company that can offer someone who has COPD a final expense insurance plan at the lowest cost and with no waiting time period, this means immediate insurance coverage starting on day 1— this is usually called “simplified”, “preferred”, or “level” type of plan.
This is extremely rare, but of course, there are some conditions for your health and your lifestyle to be eligible for it. If you want to know if you can qualify for a simplified plan, please call us, it will only take a little bit of your time- and it’s definitely worth it!.
Now, if you did not qualify for a simple plan, do not worry. There is still hope… always remember with us here at InsuranceForBurial.com we will always have the most affordable coverage plan even if your COPD is severe.
These coverage plans will still come from the country’s top-rated A+ insurance companies that will only offer the best deals and with additional innovative benefit features that will not cost you extra.
Oh, one more good thing is that burial or final expense insurance plans will never require medical exams.
COPD Underwriting Of Final Expense Insurance Companies
COPD will be definitely asked in the underwriting process. Always keep in mind that every final expense insurance companies will have their own way to ask if you have COPD and will have different rules and guidelines in the quality of insurance policies to be offered.
Some insurers would just want to know if you have COPD or not, and some would want to know more details such as: when you had it if you were prescribed with medications for it, your tobacco use, you living conditions, etc.
Even if you are on home health care we will get you covered day 1.
In the underwriting process, insurance companies will ask about the following:
- Questions about your COPD, lifestyle and ask if you have other illnesses.
- Prescribed medication history
Health Questions In The Underwriting For COPD And Final Expense Insurance
Burial or final expense insurance will ask COPD directly, simply because it is one of the leading chronic diseases that cause death in the country and it has no cure.
Most burial or final expense insurance companies only want to know if you have it or not. Other insurers will ask the timing of your COPD diagnosis, tobacco use, lifestyle, work environment, etc.
Here are the common questions the insurance companies would ask.
- When were you initially diagnosed with COPD?
- Do you have COPD right now?
- When did you receive advice for COPD treatment?
- Do you need help in activities of daily life (ADL)?
- When did you start treating your COPD?
- When did you last smoked tobacco?
- Are you prescribed to be on oxygen?
- What is your working environment like?
Keep in mind, health questions will vary from one final expense insurer to another. Like above, some insurance companies will not bother to ask how severe your COPD is or what stage you’re in.
Some insurance companies will ask about what COPD stage you are in and this will heavily impact the quality of insurance plans to be offered from those companies. Furthermore, with these insurers, if you are in the last stages of your COPD, they will flat out reject your application.
The Stages Of Chronic Obstructive Pulmonary Disease (COPD)
In your COPD diagnosis, you probably went through the test of Forced Expiratory Volume (FEV) which is the amount of air you can force from the lungs in one second and measured during a spirometry test or pulmonary test.
Here are the COPD Stages:
- Stage 1, mild COPD, FEV1 is equal to or greater than 80%. This can be with or without symptoms, like excessive saliva, noticeable breathlessness with exertion, and chronic cough.
- Stage 2, moderate COPD, occurs when your FEV1 is between 50 to 79%. This can be with or without symptoms.
- Stage 3, or severe COPD, happens when your FEV1 is between 30 to 49%. This can be with or without chronic symptoms.
- Stage 4, or very severe COPD, happens when your FEV1 is less than 30%. Also known as end-stage COPD.
It’s important to realize the other health impairment that COPD can make worse and cause a domino effect.
First things first, if you have sleep apnea, it can cause your COPD to get worse due to the pauses of breathing.
Prescribed Medication History Assessment
Prescribed medication history assessment is essentially another due diligence that insurance companies take steps on to discover serious health issues that might not have been answered correctly or truthfully in the underwriting health questions.
Insurers use automated data or computer programs to review your prescribed medication history.
If you ever fill out a prescription they will know about it and in the process, by knowing what medications you were prescribed- they will know what diseases you have or had.
To put it very simply… if you are prescribed with medication for a disease, then you have that disease. This is the logic of insurance companies when reviewing an applicant’s medication history.
COPD Medications That Are Red-flagged By Insurance Companies
So again, insurance companies will determine if you have COPD when you are taking one or more combinations of these medications.
- Aclidinium (Tudorza)
- Anoror Ellipta
- Arformoterol (Brovana)
- Atrovent HFA
- Formoterol (Foradil, Perforomist)
- glycopyrrolate (Seebri Neohaler)
- Indacaterol (Arcapta)
- Ipratropium Bromide (could be an allergy med)
- Olodaterol (Striverdi Respimat)
- Salmeterol (Serevent)
- Tiotropium (Spiriva)
- Umeclidinium (Incruse Ellipta)
Dual-purpose Medications For COPD That Are Red-flagged By Insurance Companies
Now, there are medications that can be used for more than one disease or health condition, a good example are bronchodilators for COPD and asthma.
Bronchodilators are the medications that COPD and asthma may share for treatment.
Here are some of the most common medications that COPD and asthma share that insurers will know of.
- Budesonide/formoterol (Symbicort)
- Fluticasone/salmeterol (Advair)
- Fluticasone/vilanterol (Breo Ellipta)
- Glycopyrrolate/formoterol (Bevespi Aerosphere)
- Glycopyrrolate/indacaterol (Utibron Neohaler)
- Roflumilast (Daliresp)
- Tiotropium/olodaterol (Stiolto Respimat)
- Umeclidinium/vilanterol (Anoro Ellipta)
To further Explain Dual Medications And How Insurers May View It
To avoid confusion, basically, conclusions will depend on doctor’s notes, when, how and how much you’re taking these medications.
Again, these processes of prescribed medication history assessment will vary from one insurer to another especially with drugs that are dual purpose.
The bottom line here is that if you are well aware of your past and current medications and why you were prescribed with them then you will avoid all these confusion by yourself.
Oxygen-Dependent COPD And Burial Insurance
If you are prescribed to be on Oxygen therapy (especially on a Venturi mask) by your doctor, this can mean that your COPD is getting severe that you have low levels of oxygen in your blood. the only possible option is a “Guaranteed Issue” (GI) plan.
If you will need Oxygen and you are set to securing a final expense insurance plan, we encourage you to secure this plan right away.
Other insurance companies will reject any COPD applicants that are prescribed to have oxygen. This simply means, they do not have a guaranteed issue policy- therefore time wasted for you with the time you spent applying- only to be rejected.
Please keep in mind… If you ONLY use oxygen for SLEEP APNEA, you will qualify for level benefits. This will be for the only reason though. If you are using oxygen for COPD. You WILL NOT qualify for level. You will be faced with a graded policy.
Burial Insurance Companies Various Coverage Plans For COPD
After your underwriting process with the health questions and medication history assessment, insurance companies will get back to you with policy offers that they think will match your level of risk.
With all the notorious facts about COPD, it’s very important to keep your expectations in check.
COPD is a well known high-risk chronic disease among insurance companies and it will be very difficult to get the lowest rate policy, but again, it is not impossible. Please read on to know more about this rare chance.
It is very common for COPD patients to have other bad health conditions that will negatively impact their risk level and the quality of plans they will be offered.
For that reason, here are the possible insurance plans that will be offered depending on how severe your COPD condition is.
1) A policy with a higher monthly premium
The insurance plan will cost 15 to 40% higher than a simplified plan (the plan being offered to a person with the lowest risk).
This policy will have immediate insurance coverage, meaning, 100% of the death benefit will be paid to your beneficiaries if you pass away starting on day 1 of your plan.
Given the nature of COPD, this is still a good plan, although the fee is a bit higher, the great thing about this plan is that the coverage will be instant starting day 1.
There are only quite a few insurance companies that offer this plan and we represent them.
2) A policy with 24 months waiting period
This will be for COPD applicants with a higher risk that insurance companies will impose a waiting time period. The waiting period is usually a minimum of 24 months, but if you pass away anytime within the waiting time period, all of your payments will be refunded with %10 to your beneficiaries.
The upside to this plan is that when the time comes, your beneficiaries will still receive more money than what you have paid for.
Good to know: Also, another great thing about this is that it is much better than “Certificates of Deposit” (CD) or “Share Certificate” from banks. No-CD or Share Certificate will give a 10% interest back.
3) A percentage will be paid immediately or more after some time
A percentage will be paid from your full death benefit if you pass away in the first 12 months, then a higher percentage within 13 to 24 months.
This is commonly called a “Graded plan” Usually, here’s the percentage of payout per time.
- 30% on the first 12 months
- 70% on the 13 to 24 months
If you complete the 24 months waiting period, your beneficiaries will be paid the full (100%) death amount.
In the end, the decision will be ultimately yours and you can ask one of our independent Final Expense Insurance Specialists for advice if this option is the best possible for you.
Remember, we here at InsuranceForBurial.com works for you! Not for the insurance company. You, the client, come first.
4) A combination of higher rates and waiting time period
This is a common type of policy on a lot of insurance companies for applicants that they deem at the highest risk. This is pretty much straight forward, this will be at a higher cost of 15 to 40% monthly premium with a minimum of 24 months waiting time period- and depending on the insurance company, there might be or no benefits at all (during the waiting time period). So, other companies may have a payout plan like a graded plan (percentage per year).
5) Guaranteed Issue Plan (GI)
As the name suggests, you are guaranteed to be accepted given that you are legally capable of entering into a contract or have a legal guardian that is. There will be no questions asked or no medication history review to go through.
We can basically have you approved with a GI plan within 15 minutes via phone call!
highest risk that the insurance companies will take, the monthly premiums will
be higher and will strictly have a 24 months waiting time period. Also, if you
pass away anytime
within the waiting time period, all of your payments will be refunded with %10 to your beneficiaries.
This plan is the only option for the seriously ill and with your decision to be prepared when the time comes, to give your family peace of mind- having this option will always be a blessing.
Insider tip: A guaranteed issue plan would be sometimes much more rewarding or sensible than a modified plan. To check if this is the case, do that math or call and consult with us.
6) Lowest rates and with immediate coverage (no waiting time period)
To say the least, this is exceedingly rare…
This will be the “Holy Grail” of insurance plans considering that you have a serious chronic disease that’s one of the top leading cause of death, you will be very blessed if you qualify for this plan- this is usually called “simplified”, “preferred”, or “level” type of plan. Let’s use the name simplified.
A simplified plan will have the lowest monthly premiums with immediate insurance coverage starting from day 1.
In order for a COPD applicant to secure a simplified plan, of course, there will be specific conditions that you must have to qualify.
Conditions are as follows:
- Your COPD diagnosis should be more than 12 months ago.
- You should have not used tobacco for more than a year.
- You should have no other serious diseases.
- You should lead a healthy lifestyle.
Now, there is only 1 burial or final expense insurance company that can accept you for a simplified insurance plan and we have access to them.
For sure, this will be what you would want, making our clients happy gives us joy and pleasure- and we will work hard with you to get this amazing plan for COPD.
If you think you can qualify for a simplified plan (and we sure hope so), please call us to help you sort all of these out.
How To Find The Best Burial Or Final Expense Insurance For Clients With COPD Emphysema
This article about final expense insurance for COPD has been very long, and believe us, we are trying our best to keep our articles comprehensive while being concise and really informative- we will update our articles as needed too!
Now, with COPD, time is at a premium. If you are everyone reading this article, it’s most likely that you have made your peace with your current health condition- this is just to say that you want to be prepared for the “inevitable” (for everyone) while living out your life worry-free for your loved ones by getting a burial or final expense insurance policy.
Now that you have found us, we are confident in helping someone like you with COPD get the best possible coverage plan from the country’s best insurance companies. We have helped over 95% of our clients who came to us with COPD and we helped every one of them regardless of their condition.
We here at InsuranceForBurial.com are formed by a team of highly experienced Final Expense Insurance Specialists that has a passion to find the best possible burial insurance policy no matter what their diseases are or health issues.
We have over 26 years of experience helping clients and are licensed in 49 states. We only represent top-rated A+ insurance companies that offer excellent final expense insurance plans at affordable rates.
What We Only Need From You Is A Little Bit Of Your Time To Know Your Details.
We have a masterful knowledge of the underwriting process and rates of the country’s best insurance companies, so with your details, we can absolutely tell you which company will offer the best possible plan for your COPD condition
Talk to us now! We promise you a simple no non-sense interview process with no pressure.